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Question - A corporation, which had 35,200 shares of common stock outstanding, declared a 4-for-1 stock split.
a. What will be the number of shares outstanding after the split?
b. If the common stock had a market price of $140 per share before the stock split, what would be an approximate market price per share after the split?
c. Journalize the entry for the stock split. If no entry is required, type "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank.
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On January 1, 2017, Sheridan incurred organization costs of $292,500. What amount of organization expense should be reported
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